“OUR CUSTOMERS LOVE IT.OUR PEOPLE FELT A FOOTTALLER THE DAY WE MOVED IN.”
Our year in their words
This year we asked people to tell us about the effect our buildings have on them. Here we share what they said.
This is without doubt the best cinema in Leeds
Amazing food, great drinks and first- class dancing
A great opportunity for the brand – we cannot wait to open
Design and architecture of the highest quality
We are delighted that bluewater has chosen the legion as its charity of the year
Land Securities continue to be a first class partner – an innovative, forward looking landlord
Land Securities are calling the future shape of the retail market
The UK food scene is up there with the most exciting in the world and we are excited to be a part of it, with Land Securities
Land Securities are equipping Londoners with the skills needed to obtain work
The front of house staff are off-the-charts brilliant!
Land securities helped me to set up my own practice as an independent artist in London
Land Securities has taken the time to understand the fashion world
We are the largest listed commercial property company in the UK by market capitalisation.
Our purpose is to provide the right space for our customers and our communities – helping businesses to succeed,
the economy to grow and people to thrive. Our goal is to outperform our peer group, in terms of total shareholder return,
through the property cycle. Our vision is to be the best property company in the UK in the eyes of our customers, our communities,
our employees and our partners. Here we show our performance
over the last 12 months.
Revenue profit 1
Adjusted diluted earnings
pence per share
Adjusted diluted NAV
pence per share
1 Revenue profit is our measure of the underlying pre-tax profit of the Group and includes proportionate share of joint ventures and subsidiaries.
Total business return 1
Total property return
Total shareholder return 1
1 Total shareholder return and total business return provide shareholders with the clearest guide to the Group’s progress in financial terms.
Combined Portfolio value
Robert Noel reports on our performance during the year and
shares his outlook for the year ahead.
With record leasing levels across our London development programme, combined with a reshaped retail portfolio and continued financial discipline, we have delivered very strong results.”
Our goal is to outperform our peer group in terms of total shareholder return through the property cycles. In everything we do we aim to shape the future for good.
Sources of capital
This includes the different types of funds we use to invest in our business, from shareholder capital to borrowings.
This includes the relationships we have with customers, communities and partners and the capabilities of our employees.
Growth in income
The total rent paid to us by our occupiers.
Growth in asset value
The increase in the value of our portfolio generated by our actions and market influences.
Provide the right space at the right time, and in the right place at the right price.
Improve the built environment while minimising environmental impact
Help local areas thrive economically, socially and environmentally.
Attract, recruit and develop smart, skilled and commercially astute people.
The quarterly payments we make to our shareholders.
The overall change in value of our portfolio.
The external trust and understanding we need in order to do business.
The prospects we have as a company that is valued by its stakeholders.
Total business return
The quarterly payments we make to our shareholders.Plus
Change in net asset value
The overall change in value of our net assets.
External responses to:
- Economic conditions
- Property market conditions
- Our reputation
- Our management team
- Our portfolio of assets
- Our levels of gearing
Total shareholder return
The financial value of the payments we make to shareholders.Plus
Share price growth
The increase in the financial value of our shares.
Our strategy is designed to ensure we are a sustainable business through the market cycle.Our Strategy and Performance
The Company has a simple organisational shape, with the London and Retail portfolios united within a group structure.
We create value by providing customers with new or more efficient space that helps drive their business. We operate across the UK but focus on assets in thriving locations that are a destination or convenient for shoppers.
By taking decisive action, we have transformed our shopping centre portfolio. We now have a set of prime assets well matched to the ever-changing needs of our customers and communities.
We create value by developing first class office, retail, leisure and residential space; strengthening income streams through smart, rigorous asset management; and enhancing our portfolio through well-timed sales and acquisitions. We operate in central London in areas we know well.
We have delivered record levels of lettings in our well-timed, well-executed development programme, and made tactical acquisitions to strengthen the future pipeline. Our activity has been funded by disposals of more mature assets into a strong investment market.
We aim to buy, develop, manage and sell assets in a way that benefits those closest to the Company – our customers, communities, partners and employees.
The capabilities and commitment of our employees help set us apart. Our people strategy is about creating the conditions where they can flourish and employees can make the greatest possible difference to the company‘s performance.
We work to ensure that the organisation is well matched to the current market environment and the world we see ahead.
We invest to ensure we can attract the best talent and that we are widely recognised as a great place to develop a career.
Reward for performance
We offer reward packages designed to motivate our people to make the biggest possible contribution to the performance of the company.
We provide a framework that defines the culture of Land Securities while giving people the opportunity to bring it to life in different ways.
Top propertiesOur Top Properties
Martin Greenslade reports on our financial performance and explains the movements in our key financial measures.
Financial Review Financial Statements
We have seen yields fall and values rise across every category of our Combined Portfolio as a result of strong investor demand for commercial property.”